2025 Economy - Budget
What is the difference between "vote- on-account" and "interim budget" ? 1. The provision of a "vote-on account" is used by a regular Government. while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Govern ment's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
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